Underwriting Specialist

About the role

As an Underwriting Specialist at Oxford Risk Management Group, you will execute critical thinking and should have strong communication skills, a high level of organization, the ability to multitask often, and consistently provide world-class customer service to our clients. You must be creative and enjoy working within a small, entrepreneurial environment that is mission-driven, results-driven, and community-oriented. The role requires the ability to work independently on projects from conception to completion and handle a wide variety of activities and confidential matters with discretion under pressure.

Responsibilities

• Analyze P&C Insurance policies for completion and identify gaps in coverage
• Analyze loss runs/claims history and propose appropriate terms & conditions as necessary
• Complete commercial policy intake forms
• Conduct underwriting calls with clients to discuss uninsured or underinsured risks and obtain appropriate data for actuarial pricing
• Review policy renewal information, develop and underwrite a renewal position, and provide a quote summary with supporting documentation for approval
• Submit case files for risk analysis reporting and actuarial pricing
• Review large amounts of information and raw data for accuracy
• Send underwriting documents to clients to support suggested eligible coverages for the current policy year
• Explain definitions of Oxford’s various lines of coverages
• Review and coordinate with the Claims Department for underwriting sign-off

Requirements

• Bachelor’s degree required
• 5+ years of underwriting experience required
• 2+ years of experience reviewing commercial property & casualty policies & servicing claims required
• P&C license or industry designation preferred
• P&C background reviewing policies to ensure complete files and identifying gaps in coverage
• Captive insurance experience is preferred

Physical Demands and Work Environment

While performing the duties of this job, the employee is required to regularly sit, hear, and reach with hands and arms. The employee is occasionally required to stand and walk. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required include close vision and the ability to adjust focus.

The work environment is usually moderate to loud. Occasional travel may be required.

Pay

The expected base pay range for this position is between $51,800.00 and $85,000.00. The actual base pay offered may vary depending on factors such as geographical location, education, job-related knowledge, skills, and experience.

Benefits

Base pay is one part of our total compensation package, which also includes a comprehensive suite of benefits, including medical, dental, vision, disability, life, and retirement savings.